https://www.taxtmi.com/caselaws?id=90795 An exemption benefit restored by an amending notification operates prospectively from the date expressly specified, unless the text clearly gives it retrospective effect. Here, Notification No. 67/92 restored clause (b) of paragraph 4 only from 22-5-1992, after Notification No. 55/92 had excluded that benefit where clause (a) exemption had been availed in a preceding financial year. The restored benefit could not be applied to the earlier period from 1-4-1992 to 21-5-1992, and the assessee could not claim exemption for that interval. en-us Mon, 31 Aug 1998 00:00:00 +0530 Tue, 11 Oct 2011 16:00:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90795 An exemption benefit restored by an amending notification operates prospectively from the date expressly specified, unless the text clearly gives it retrospective effect. Here, Notification No. 67/92 restored clause (b) of paragraph 4 only from 22-5-1992, after Notification No. 55/92 had excluded that benefit where clause (a) exemption had been availed in a preceding financial year. The restored benefit could not be applied to the earlier period from 1-4-1992 to 21-5-1992, and the assessee could not claim exemption for that interval. Case-Laws Central Excise Mon, 31 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90795